As the construction industry returns to prerecession levels, CFMs should prepare for increased IRS scrutiny of their selected tax accounting methods and deductions. From reasonable compensation issues to application of accounting methods for exempt and non-exempt contracts, CFMs need an understanding of the issues that the IRS will focus on during an audit.
We apologize for the brief delay in launching CFMA’s new education and certification platforms. The CCIFP Recertification deadline has been extended to April 30, 2025. We truly appreciate your patience as we put the finishing touches on changes that are designed to improve and enhance your CFMA experience!
Protect Your Company with the IRS’ Construction Audit Techniques Guide
If you are a CFMA member login to continue reading this article. If you aren't a member yet and would like unlimited access to all of the content on cfma.org, plus a variety of other benefits, join CFMA today!
About the Author
Michael Cirangle
Michael Cirangle, CPA, is a Manager in the Tax Department at Ellin & Tucker in Baltimore, MD.
Read full bio